Parallel Advisors LLC Acquires 1,398 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Parallel Advisors LLC grew its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,551 shares of the bank’s stock after purchasing an additional 1,398 shares during the quarter. Parallel Advisors LLC’s holdings in Sumitomo Mitsui Financial Group were worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Sumitomo Mitsui Financial Group by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock valued at $27,100,000 after buying an additional 445,413 shares during the period. StoneX Group Inc. acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at $2,378,000. Dorsey Wright & Associates acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at $2,069,000. BTC Capital Management Inc. acquired a new stake in Sumitomo Mitsui Financial Group in the first quarter worth $2,164,000. Finally, Lockheed Martin Investment Management Co. bought a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at $1,588,000. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $12.92 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.92. The firm’s 50-day moving average price is $13.27 and its 200-day moving average price is $12.54. The firm has a market capitalization of $85.07 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.81 and a beta of 0.60. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $9.03 and a 1-year high of $14.53.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings results on Friday, August 2nd. The bank reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $16.18 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 8.13% and a net margin of 11.28%. Equities research analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 1.13 earnings per share for the current fiscal year.

Sumitomo Mitsui Financial Group Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.